Retracement strategy, a must for traders.
Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...

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I 'll always be there for you. To make you feel that you're secured. And even if the rain is pouring hard and the sky is almost dark...
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5010-5039 supply zone proved a ST resistance. 5002 proved a break down point. 4945 to 4982 proved a corrective rise, monitored with an ...
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Trading strategy that works wonders besides the supports & Resistance is " Retracement strategy ": The strategy that has wor...
41 comments:
significant additons in 5300 Call..and 5400 call..total 56L and 64L..and significant buildup at 5200 put...close to 80l
Dear Ilango,
Is that divergence as per 14 RSI? If yes, then why am i not getting the divergence in my charts??
Obviously something right with my set up.
Sunil
Amrender Gill ,
browse this
www.marketcalls.in/2010/06/free-nifty-futures-realtime-charts-in-metatrader-platform.html
@all
just a caution, nifty down almost 1.7% but volumes are lacking..
cash - 9900 cr
f&o - 63500 cr.
so a major volume is still to come, ifit breaks on downside more levels else this is good time to look up...
5245 is also an important level for BULLS Niftysparks
ilango sir sud i go long?
Ilango sir sud i go long here??
Thanks assortz & san.
Worth going long now in Nifty and bank nifty?
Regards
Dear Ilango Sir:
I have no positions now, can i go long with 5240 as SL or 5220 as SL;
Please suggest;
SIL
Sir yt should be the sl for Shorts now?
sir...its a classy trendline case wherein NS bounced from the bottom...you were saying this for several days.....it stood up by you !!
regards
sir...comments are posted after approval....its taking me thru many layers since y'day !!
Dear Ilango Sir:
i Have no positions now.. can i go long with days low as SL or 5220 as much better SL
Please suggest
SIL
low risk entry for long at 5240 for positional view
sl 5200 closing eod basis wait, see after 2 or 3 days
later
Nifty-50 or Dal Badloo politician? Y'day all these said UP. Today DOWN. Only L&T wants to go up. Rest of the 50 "Cats on the Wall".
Scrip Name LOW-Rs
ABB 841.85
ACC 848.14
AXISBANK 1215.31
BHARTI 259.12
CAIRN 297.68
GAIL 462.94
GRASIM 1734.51
GUJAMBUJA 113.36
HCLTECH 353.37
HDFC 2869.39
HDFCBANK 1877.26
HINDALCO 139.78
ICICIBANK 827.49
ITC 291.19
M&M 598.48
MARUTIUD 1358.68
NTPC 194.99
SAIL 188.51
SBI 2252.45
STERLITE 162.78
TATAMOTORS 750.28
TCSCONS 740.89
TISCO 469.96
UNITECH 71.14
WIPRO 381.91
TT follower may not be holding longs but shorts.
A close above 5262 will keep bulls alive.
EW follower may find a 4th wave ending entry to play the 5th wave with a possibility of another down move upto 5200+.
TA suggests of a short term +ve div but the daily term being down below 5 & 10 sma.
MP values must be suggesting trading below important supports since morning.
Now that is education for you take necessary steps/ action.
Ilangiji,
everyone talked about everything but that channel support. Again kudos to you.
Assortz,
Very nice software but i am concerned about how long would they allow us this demo version.
can you enlighten?
Angae sirippavargal sirikkattum adhu aanava sirippu...
sir
thr trend s still up..then y a short..
@Sir,
Holding shorts since Thursday second half..only crime was not covering shorts after yesterday’s TT reading..but somehow it pays today..thanks sir
@Fire,
I have been using demo version of MT4 for last 2 years with live charts of all “global markets”, “commodities”, “currencies” etc....:)
Once in a month after rollover, it do not provide data for NF for half a day or whole day..otherwise perfect..
@ Fire,
It is you who spotted the +ve div. Good works.
@ Rajagopal,
Nenjam undu, Naermai undu Oodu raja,
Neram varum Kaathirundhu paaru raja,
Anji anji valzhndadhu podum roja
Ilangoji,
In the weekend, I was going through the archives of this blog and i found a lot of gems. I remember coming across a few charts of yours showing -- 'trading the divergence only, no sweat'. Now when you have showed the positive divergence with a bounce from the channel boundary, should one remain short? Why would TT get the priority here above this? A bit of curiosity from this student.
@Elango Sir
Shall I short @ 5266 (fut)
Thanks Sir.
"Anji anji valzhndadhu" - Acham enbathu madamai..."
After every expiry:
"Naan sethu pozhachavanda...emanai paarthu sirichavanda"
Always
"Naan ungal veetu pillai,idhu ...."
That's my EW !!!
Rg
`@#$%^&*()_+
Assortz,
I cant find the "Symbols" by right clicking in the market watch. So all I am getting are the US and European indices, currencies and commodities. But no Nifty. How to get that?
Short term pressure is on.
Unable to close above Hour ema (to confirm the +ve div) & day low ema.
Trade light at such times or stay off to face the new day.
LOWER LOW,LOWER HIGH ON DAILY
The close looks like 5258, the drama continues - just above
High EMA and just below Low EMA.
Will it be a strike 3 as I am carrying longs now :).
RG,
Am youngster..so here is the latest…:)
“adungada ennai suthi—naan ayyanaru vettu kathi” – Nifty sings all the day …
Fire,
Marketwatch-rightclick-Index-NSE-Show
Az
hi..
fire s facing d same prblm
Hai everyone
Nifty Futures Hour chart updated.
http://niftychartsandpatterns.blogspot.com/2010/06/nifty-futures-hour-chart-channel-update.html
Thank you
Thank you Sir and Friends.
aZ : naan ayyanaru vettu kathi - will it fall deeper on Nifty?
Have a nice evening.
Bye Manu - just few old songs buddy.
btw aZ : Thanks from me also. Will try it - looks very useful. I understand Mr Rajendran is a good techie.
Manu,
But I replied you on that day..can you recheck…Let us see if Fire can resolve it..
Assortz,
Got it. Had to manipulate the "symbols". Thanks again.
manu,
fire got it ..can you try again..
Niceee..
Free Nifty tips
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